Board members are focusing more of this time on strategy, where they say they make the biggest contributions. Even so, 52% of respondents would like to spend even more time on strategy, the survey shows.
Source: McKinsey
McKinsey describes boards as falling into 3 types: Ineffective, Complacent or Striving. Of the 3, not surprisingly, striving boards are effective in 3 strategic areas: 1) setting the overall strategic direction of the company, 2) formally approving strategy as proposed by management, and 3) adjusting strategy continuously based on changing conditions.
How much time does your board spend on strategy? Has the amount of time spent on strategy gone up or down in the last three years?
If you want to stay ahead of your competition, these survey results offer a good benchmark to gauge your board’s efforts against.
Do you have a different ‘strategy’ for focusing on strategy? Give us your comments in the comment section below.
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1:00 - 5:00 pm
Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process
Executives expressed frustration with their current strategic planning process. Issues include:
Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns. They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning. Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process. This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented. If you are ready for a Strategic Planning tune-up, select this workshop in your registration form. The additional fee of $695 will be added to your total.
2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.
